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Sentry Select Global Real Estate Fund closes offering
Toronto: Sentry Select Capital Corp. (“Sentry Select”) is pleased to announce Sentry Select Global Real Estate Fund (the “Fund”) has closed its initial public offering.Gross proceeds: At the closing, the Fund issued 3,100,000 Listed Combined Units and 396,940 Class F Combined Units for aggregate gross proceeds of $34,969,400. The agents have been granted an over-allotment option to purchase up to 524,541 Listed Units and up to 524,541 Listed Warrants at a price of $9.60 per Listed Unit and $0.40 per Listed Warrant at any time during the next 30 days. The Combined Units:  Each Listed Combined Unit consists of one Listed Unit and one full Listed Warrant. Each whole Listed Warrant entitles the holder to purchase one Listed Unit at a subscription price of $10.25 on or before 4:00 p.m. on October 31, 2009.Each Class F Combined Unit consists of one Class F Unit and one whole Class F Warrant. Each whole Class F Warrant entitles the holder to purchase one Class F Unit at a subscription price of $10.25 on or before 4:00 p.m. on October 31, 2009.Trading information: The Listed Units and the Listed Warrants commenced trading on the Toronto Stock Exchange “TSX”) today under the symbols GRE.UN and GRE.WT, respectively.Investment objectives: The Fund’s investment objectives are to invest primarily in publicly listed real estate-related issuers and real estate investment trusts, with a view to:• paying quarterly cash distributions (initially expected to be $0.125 per quarter, or 5% per annum based on the original price of $10.00 per Combined Unit); and• preserving and enhancing the net asset value per Unit.Conversion of the Fund: On February 1, 2010, the Fund will become an open-end mutual fund, the Listed Units of the Fund will be delisted, and the Listed Units and Class F Units will become redeemable at their respective net asset value per Unit on a daily basis.Sentry Select Capital Corp.: Sentry Select is a Canadian wealth management company that manages approximately $8 billion in gross assets as of November 30, 2007. The company offers a diverse range of investment products including closed-end trusts, mutual funds, principal-protected notes and flow-through limited partnerships, covering a variety of domestic and global mandates. Sentry Select is the manager and/or advisor to 29 TSX-listed reporting issuers. In addition, Sentry Select manages and/or provides advisory services to four reporting issuers listed on the TSX Venture Exchange.Agents: The syndicate of agents was co-led by CIBC World Markets Inc. and RBC Capital Markets and includes BMO Capital Markets, National Bank Financial Inc., Scotia Capital Inc., TD Securities Inc., Canaccord Capital Corporation, Dundee Securities Corporation, HSBC Securities (Canada) Inc., Raymond James Ltd., Blackmont Capital Inc., Wellington West Capital Inc., Berkshire Securities Inc., Desjardins Securities Inc., Laurentian Bank Securities Inc., Research Capital Corporation and Richardson Partners Financial Limited.More information: Investor Services (broker/investor inquiries) or Kinga Lam (media inquiries) Tel:  1-888-246-6656   Fax: 416-364-1197

This news release contains forward-looking statements that involve risks and uncertainties. These statements reflect Sentry Select’s current expectations, but are subject to a number of risks and uncertainties. Due to the many risks and uncertainties, Sentry Select cannot assure that the forward-looking statements contained in this news release will be realized.

Documents (including press releases) regarding the various investment funds that are managed or advised by Sentry are provided for information purposes only and cannot be relied on to be complete, exhaustive or error-free unless the complete set of documents for any given investment fund with respect to which information is being sought is reviewed and then only on SEDAR (